Question: McDonald Corp. reported the following on its comparative income statement: Prepare a horizontal analysis of revenues and gross profit both in dollar amounts and in

McDonald Corp. reported the following on its comparative income statement:

McDonald Corp. reported the following on its comparative income statement:Prepare


Prepare a horizontal analysis of revenues and gross profit€” both in dollar amounts and in percentages€” for 2017 and 2016.

(in millions) Revenue Cost of Goods Sold 2016 $9,910 9,700 9,210 7,210 6,900 6,125 2017 2015

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